Posted: 30 Sep 2015 04:11 PM PDT
Market demand continues to push up prices and fuel high turnover
AUCKLAND, 1 October 2015 – There are now fewer residential properties listed
"Historically, the number of homes for sale tends to be fairly stable, following gradual,
Over the last eight years, the number of the homes for sale climbed steadily to a high
"We use a metric we call inventory, a measure of supply and demand that indicates
"We have only 16.3 weeks of inventory compared to the long-term average of 35 weeks.
The current inventory levels across all 19 regions of New Zealand are now below their
More new listings, but properties do not stay on market for long
"The fact that inventory is so low may seem surprising, given that we have seen an
"Low inventory such as this is usually associated with a sellers' market and higher
While Realestate.co.nz data for September reveals that the average asking prices in
Realestate.co.nz offers buyers the shortest path to the perfect property. As the official
Source: www.realestate.co.nz blog www.unconditional.co.nz
Thursday, 1 October 2015
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